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Moaj + MediSun Energy to address water scarcity in Saudi: Saudi Arabia’s investment company Moaj Holding has formed a JV with Singapore-based renewable energy company MediSun Energy and will invest USD 30 mn to establish a manufacturing facility for MediSun’s WEGen technology in Saudi, according to a statement. Under the agreement, Moaj will co-develop a Saudi Brine Management Program with MediSun Energy and become MediSun’s exclusive distributor in the GCC.
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About the tech: MediSun’s WEGen technology uses Reverse Electrodialysis (RED) to convert saltwater into electricity which enhances energy efficiency and reduces energy consumption by 30%, according to the statement. The technology also incorporates carbon capture, utilization, and storage and zero brine production, contributing to net-zero carbon emissions.
About the program: Details are scant, but the JV will work with a leading academic institution known for its desalination research to develop advanced treatment technologies to tackle the environmental challenges of desalination brine.
MediSun is expanding in the region: The company signed an MoU with Engineering contractor Emirates Electrical & Instrumentation Company (EEIC) to distribute its WEGen technology in the UAE last month.
About Moaj: Based in Saudi Arabia, Moaj Holding is an investment firm that invests in energy, technology, and infrastructure focusing on sustainable development, according to the statement.
